Moody's Warns On USAAA Rating; IMF Piles On

Moody's Warns On USAAA Rating; IMF Piles On

from zero hedge by Tyler Durden

Moody's has stepped forward with the first warning shot across the bow that:

• *MOODY'S: MORE MEDIUM TERM ACTIONS MAY BE NEEDED TO SUPPORT Aaa

Has contradicted itself (from September) on the debt-ceiling breach; and warns that while the deal 'mitigates' some fiscal drag, it does not remove it. To wit: the IMF piles on:

• *IMF SAYS `MORE REMAINS TO BE DONE' ON U.S. PUBLIC FINANCES
• *IMF SAYS U.S. DEBT CEILING SHOULD BE RAISED `EXPEDITIOUSLY'

Full statements below.http://www.zerohedge.com/news/2013-01-02/moodys-warns-usaaa-rating-imf-piles